Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Ibew Local No. 32 - Neca Pension Plan
- Sponsor EIN: 316152294
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 489179275
- Plan Type: DB
- Total Participants: 239
- Total Assets: $41.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 239 | $41.0M | $2.6M | $0 |
| 2023 | 211 | $36.0M | $1.7M | $0 |
| 2022 | 205 | $33.0M | $1.9M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TIC MIDWEST | Other Service Provider | $42,464 | — | $42,464 |
| CUNI RUST & STRENK | Other Service Provider | $28,825 | — | $28,825 |
| ALLOTTA FARLEY CO LPA | Other Service Provider | $22,985 | — | $22,985 |
| DGPERRY, PLLC | Auditor | $22,109 | — | $22,109 |
| MARINER WEALTH ADVISORS | Other Service Provider | $20,000 | — | $20,000 |
| NATIONAL REAL ESTATE ADVISORS LLC | Other Service Provider | $19,995 | — | $19,995 |
| ULLICO INVESTMENT ADVISORS | Other Service Provider | $18,478 | — | $18,478 |
| ASB CAPITAL MANAGEMENT | Other Service Provider | $13,056 | — | $13,056 |
| KEYBANK NATIONAL ASSOCIATION | Investment Advisor | $8,559 | — | $8,559 |
| PNC BANK NATIONAL ASSOCIATION | Other Service Provider | $8,313 | — | $8,313 |
| EBERTS & HARRISON, INC. | Other Service Provider | $6,145 | — | $6,145 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DGPERRY, PLLC — Auditor
- KEYBANK NATIONAL ASSOCIATION — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $210,929
- Estimated Expense Ratio: 0.515% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $238,722 | $80,088 | $40,350 | $22,109 | — |
| 2023 | $269,009 | $85,184 | $39,000 | $44,891 | — |
| 2022 | $242,588 | $86,443 | $42,250 | — | $71,241 |